Jason E. Long Sells 600 Shares of C&F Financial Co. (NASDAQ:CFFI) Stock

C&F Financial Co. (NASDAQ:CFFI) has recently seen activity from its Chief Financial Officer, Jason E. Long, who sold 600 shares of the company’s stock on November 26th. The shares were sold at an average price of $78.71, leading to a total transaction value of $47,226.00. After this sale, Long now holds 9,600 shares of C&F Financial, which are currently valued at approximately $755,616. This sale marks a 5.88% reduction in his ownership of the company’s stock. The details of this transaction were shared through a filing with the Securities and Exchange Commission (SEC).

C&F Financial Stock Performance

Following the recent trades, C&F Financial has been trading down by 7.5%. The stock opened at $73.00 on Thursday, reflecting changes in market conditions. Over the past fifty days, the stock has shown a simple moving average of $64.09, while the 200-day simple moving average stands at $55.18. C&F Financial holds a market capitalization of $235.79 million and has a price-to-earnings (P/E) ratio of 12.90. The stock has a beta of 0.36, indicating lower volatility compared to the market. In the past year, C&F Financial has reached a low of $33.51 and a high of $79.09. Some of its financial ratios include a quick ratio of 0.88, a current ratio of 0.90, and a debt-to-equity ratio of 0.41.

Recent Earnings Report

C&F Financial reported its latest earnings on October 29th, revealing an earnings per share (EPS) of $1.65 for the most recent quarter. The company's net margin stood at 11.39%, with a return on equity (ROE) of 8.58%. The total revenue reported for the quarter was $33.46 million, highlighting the company’s financial performance during this period.

Dividend Announcement

The company recently declared a quarterly dividend, which is scheduled to be paid on January 1st. Shareholders registrable by December 13th will receive a dividend payment of $0.44 per share, which equates to an annualized dividend of $1.76 and offers a yield of 2.41%. The ex-dividend date is also set for December 13th, and C&F Financial has a payout ratio of 31.10%.

Analyst Ratings

In a recent update, StockNews.com downgraded C&F Financial from a “buy” rating to a “hold” rating on November 19th. This shift in rating reflects changing perceptions of the stock's outlook among analysts.

Institutional Investor Activity

There has been notable activity among institutional investors concerning C&F Financial. In the second quarter, Allspring Global Investments Holdings LLC made a new acquisition of shares worth $31,000. Other institutions such as Cubist Systematic Strategies LLC, Point72 Asia Singapore Pte. Ltd., and Connor Clark & Lunn Investment Management Ltd. have also made new investments in the company during the same period. Overall, 37.23% of C&F Financial’s stock is currently owned by institutional investors and hedge funds.

C&F Financial Company Overview

C&F Financial Corporation serves as a bank holding company for Citizens and Farmers Bank, offering banking services to both individuals and businesses. It operates through three main segments: Community Banking, Mortgage Banking, and Consumer Finance. The Community Banking segment provides a range of banking services, including checking and savings accounts, as well as various types of loans ranging from personal to real estate.

CFFI, Stock, Dividend